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Updated almost 5 years ago on . Most recent reply

User Stats

9,934
Posts
10,788
Votes
Chris Mason
  • Lender
  • California
10,788
Votes |
9,934
Posts

Coronavirus Mortgage Meltdown Articles

Chris Mason
  • Lender
  • California
ModeratorPosted

This is probably the best article I've seen so far on what is going on in the mortgage marketplace. 

The Coronavirus Meltdown

The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend.

Read more at link. 

  • Chris Mason
  • Most Popular Reply

    Account Closed
    • Rental Property Investor
    • Oakland, CA
    1,363
    Votes |
    730
    Posts
    Account Closed
    • Rental Property Investor
    • Oakland, CA
    Replied

    @Chris Mason “he thought it would be easy to lower the 3.7% rate...” 

    wow... people just don’t realize how good we’ve had it these last 10 years. 

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